Metsin, Grasso's $140M package is another indication that there is money to burn. The guy is a regulator for god sakes. What the $ell did he do for NYSE that any other nickel-and-dime politician couldn't have done? I tell you despite all the negatives about bankrupsies, employees losing their jobs, etc, people in general are freakin loaded to the gills with cash. I see it everywhere here in Los Angeles where I live. Malls are packed, stores are packed, drivers with new Lexus, Beamers and Benzies everywhere on the streets. Expensive foreign restaurants at night are packed, we have to wait half an hour to be seated and that is WITH a reservation.
If a trickle of all this excess money comes to the market I can see NAZ 2000 real soon and guys like you and me will still be talkin bout how expensive this freaggin market is. It wouldn't be the first time we see pigs fly.